I am not sure how I feel about the various ADU rules (or SB9) (I have mixed feelings - I like them as an RE investor and hate them as it takes choice away for lower density areas), but if I was a law maker I would explicitly state a penalty for a jurisdiction collecting fees against the bill's direction. 

@Andrew Postell This is great - this and your post on how to structure a cash out refi answer my question perfectly.

- Also, good choice in degrees - something practical.Talk to us a little more about the job you are looking for and why? 

My problem is too many choices! 

For what it's worth, very often investors unintentionally burn up a lot of a real estate agent's time by making impossibly low offers and/or expecting perfect purchase circumstances before they are willing to act, so everybody ends up being exhausticated...

There are outs at many different points in the process.But in Fort Hood, for instance, my first choice would be an existing fourplex. 

There are hundreds of hours of podcasts and they even have a beginner investor podcast now which is perfect for folks starting out.

REI is all about taking risks, and since you only have enough capital to try out one strategy right now (perfectly normal for someone starting out - no, you're not behind the curve) then I would start with your safest bet that is going to make you more profitable in the long run, either with knowledge or cash flow... ideally both!

If it's not a good investment property the numbers will tell you.Jaron,We brought the present home in 2012 as our first home.Its a new construction.I did run the numbers on the existing home.As I mentioned we paid 212k in 2012.Took an FHA and refinanced to conventional a few yrs later.(3.5% for 30 yrs Balance on mortgage 160k).Mortgage runs to 1200/month.Our property can be rented out as is for 2000/month.Its a 4 bed 3 bath and rents in our community start with 2000 range for our sq footage.I want to pay off this house asap in next 5-6 yrs and free up money to invest in another house.The houses in our community are in 450k+ range.Hubby is preapproved is not the reason for another house.The other house is right opposite to our community  and is a 5 min walk from our house.So its not a big move.Except that I want to move closer to our kids friends.Our lender metioned Heloc maybe a good choice for further investments.I want to explore Home Equity Loan route to be safer.I am still a layman in Heloc route and dont want to burn fingers.Any advice.P.S.What is COC? 

I'd rather the place sit empty for a month while I find the perfect tenant than sitting occupied for several while I fight out an eviction.